Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc./(Dec.) % Construction income

declared as the “Year of Shift”. It is the opportunity for the organization, high-ranking executives and staff to revise the business model in order for the organization to achieve stable growth and the goal

canceled the production of tape and weaving process following the new business model to reduce the cost the purchasing of plastic resin through banking (TR) has been canceled too results in the financial

decreased 13.10% form previous year which in line with other LPG Trader under section 7 of Fuel Trade Act, B.E.2543. 2. Transportation service income slightly increased 3.97 Million Baht, or 33.06% from last

household sector 102.64% from the same period of previous year. While LPG sold to transportation sector decreased 11.94% form previous year which in line with other LPG Trader under section 7 of Fuel Trade

million baht or 5.79 percent respectively from the trade situation. war affects customers in the electronic tonic group Which is the customer in the main target group of the company in which customers

, Aurum and Aurum Company Limited (together with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Revenues Business categories

(12.0) (3.3) (8.2) (2.1) Revenue from product under Company’s trademark – Net 355.2 99.0 374.3 96.8 2. Sales from OEM business 0.0 0.0 0.0 0.0 Total sales 355.2 99.0 374.3 96.8 Other income /1 3.7 1.0

deposits, financial institutions accounts payable, and trade accounts receivable. In addition, the auditor of SCT Vietnam Gas Co., Ltd., a PICNI’s subsidiary, was also encountered limitation on scope of

control system, inability to audit outstanding balance of petroleum gas stock inventory,  gas tanks deposits, financial institutions accounts payable, and trade accounts receivable. In addition, the auditor